Living in a Post Cycle World

The Compound and Friends

Josh Brown

News, Business, Business News, Investing

4.8 • 1.9K Ratings

🗓️ 11 October 2024

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 161 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, to discuss: inflation, the economy vs the market, the downside of a strong dollar, the problem with tariffs, and much more! Thanks to Public for sponsoring this episode! Visit: http://public.com/compound to lock in a 6% or higher yield with a Bond Account. Sign up for The Compound Newsletter and never miss out! https://www.thecompoundnews.com/subscribe Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews LinkedIn: https://www.linkedin.com/company/the-compound-media/ Public Disclosure: A bond account is a self-directed brokerage account with Public Investing, a member of FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We're going to have a lot of fun today. The dock is packed, market is at record highs.
0:07.0	We now have a will they or won't they cut, which is like really interesting to me.
0:12.0	I know you think that they're going to cut no matter what.
0:15.0	I think they are, yeah. I think so too.
0:20.0	But the fact that we're even discussing it if they paused I think it would spook the market and not really accomplish anything anyway
0:30.8	Absolutely I mean I think I think the problem is they should have started earlier.
0:35.0	They should have started in June and then they go 25, 25.
0:38.0	You know now I've heard people criticize them saying, oh, you're just cutting that because the election is coming up.
0:42.0	And no, they're just cutting that because the election's coming up.
0:42.6	And no, they're not, but you know.
0:44.1	Yeah, you can't avoid it now.
0:45.7	Well, exactly.
0:47.0	I mean, I've always said they wait too long and then they do too much.
0:49.9	And you know what?
0:50.4	That's exactly what they just did.
0:51.8	Yeah.
0:52.4	No, it's true. And they put themselves in that position. It didn't have to be that way.
0:56.7	You can tell by the necks? Yeah the necks of course. This morning my five my seven-year-old was looking at I'd like the 2021 yearbook from the Knicks and there's one player on the roster. Are you an expand at all?
1:08.0	Not. No. No.
1:09.0	What? Mitch Robinson is the only player so. Yeah. Unbelievable. And it was and it was necessary
1:16.5	so do you have fun of future proof?
1:18.7	Yeah I did I mean I did a lot of podcasts I just was going from tent to tent to tent.
	...

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